Product Costs Bobs Bistro produces party-sized hoagie sandwiches. For next year, Bobs Bistro predicts that 50,000 units will be produced with the following total costs: Direct materials $130,000 Direct labor 60,000 Variable overhead 25,000 Fixed overhead 260,000 Required: If required, round your answers to the nearest cent. 1. Calculate the prime cost per unit. $fill in the blank 1 per unit 2. Calculate the conversion cost per unit. $fill in the blank 2 per unit 3. Calculate the total variable cost per unit. $fill in the blank 3 per unit 4. Calculate the total product (manufacturing) cost per unit. $fill in the blank 4 per unit 5. What if the number of units decreased to 40,000 and all unit variable costs stayed the same? indicate the impact on the following costs. a. Total direct materials b. Total direct labor c. Total variable overhead d. Total fixed overhead e. Unit prime cost f. Unit conversion cost What would the product cost per unit be in this case? $fill in the blank 17 per unit